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Due to the energy price shock after the Russia-Ukraine war, the owner of a Danish firm plans to sell the firm to a potential buyer

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Due to the energy price shock after the Russia-Ukraine war, the owner of a Danish firm plans to sell the firm to a potential buyer in the United States, where the energy price is much cheaper. This firm's sales revenue in year 2021 is 12,587 million DKK. At the end of year 2021, its book value of equity is 3,587 million DKK, and the net interest bearing liabilities are 6,285 million DKK. The estimated value drivers are shown in the Excel appendix. The free cash flow to the firm is expected to increase by 2.04% per year permanently after year 2026. This firm's weighted average cost of capital in the forecast period is 5.35%, but the weighted average cost of capital in the terminal period is unknown. The equity value estimated by a third party agency is 51,933 million DKK. Taking the above equity value as given, please calculate the implied weighted average cost of capital in the terminal period. Please keep two decimals for the final result. Note: The grade will be granted based on the analyses and whether the answer is organized in a clear and structural way. The detailed calculation procedures are required to be demonstrated in the answer file. The automatic problem-solving functions in Excel (e.g., "Goal Seek". "Solver") are NOT allowed to be used

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